Countries’ capital flows differ substantially since financial crisis – ECB paper
Macro-prudential policies could be long-term impediment to capital flows, researchers say
There has been "substantial country heterogeneity" of developments in capital flows since the global financial crisis, a working paper published by the European Central Bank argues.
In The great moderation in international capital flows: a global phenomenon?, Peter McQuade and Martin Schmitz compare cross-border capital flows before and after the global financial crisis.
They find capital flows in 2013–14 "have recovered more for economies with smaller pre-crisis external and internal imbalances
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